Tesla, Turkey, NASA, & Cathie Wood: ARK on Steroids

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 24 November 2021

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

ARK Invest founder and CEO Cathie Wood explains why she thinks ARK’s funds should be more valuable over the next five years despite a recent dip in tech shares. Wood’s flagship fund, ARK Innovation ETF, is down nearly 15% in 2021 while the S&P 500 is up 25%. Retailers Nordstrom and Gap both saw their quarterly results fall short and their shares prices hit by supply-chain disruptions even as more customers returned to their physical stores. Several hundred Google employees have signed and circulated a manifesto opposing the company’s Covid vaccine mandate, posing the latest challenge for leadership as it approaches key deadlines for returning workers to offices in person. Elon Musk’s SpaceX is set to launch a first-of-its-kind planetary defense mission for NASA in the early hours of Wednesday morning, sending the spacecraft on its way to intentionally crash into an asteroid. Plus, need help preparing the perfect turkey this Thanksgiving? Butterball’s Bill Nolan breaks down the latest tips and tricks for turkey success. In this episode: Cathie Wood, @CathieDWood Bill Nolan, @butterball Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer.
0:08.0	Today on our podcast,
0:09.0	Wall Streets and Reddit's favorite tech stock picker Kathy Wood.
0:13.8	Right now we believe that innovation, truly disruptive innovation, is priced in the global
0:20.0	marketplace, public markets at roughly somewhere between 10 and 15 trillion dollars.
0:26.8	In 10 years, we believe that number will be 200 trillion.
0:30.5	We are on the threshold of the most innovative period in history.
0:35.0	Zoom, Tesla, the vaccine mandate at Google and the rest of the stories that got us
0:40.3	squocking, like space on the big screen. I don't know if I should give away the plot or not. It's a comet that's big and it's coming at the planet and it's hilarious.
0:50.0	Plus turkeys on the menu, Thanksgiving cooking tips, and leftover tricks from the Butter Bowl
0:55.3	Turkey Talkline.
0:56.3	The turkey waffle sandwich.
0:58.0	You take a waffle made of stuffing and you fill it with everything you see what you have left over.
1:03.3	There's some green beans, turkey in there.
1:05.6	There's cranberries, sweet potato,
1:08.2	and it's just a fantastic.
1:10.1	Everybody that's tried it loves it.
1:12.2	It's Wednesday, November 24th, 2021.
1:15.0	Squackpot begins right now.
1:17.0	Stand back you by in three, two, one, Q, three.
1:21.0	Good morning, everybody. Happy Thanksgiving Eve welcome to
	...

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